Economy & Market

Rebound in cement prices

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Cement prices have rebounded by Rs 20-70 per bag in the north, west and central regions in the past one month. On the other hand, prices have fallen by Rs 10-30 per bag in the east and south. Sanjay Ladiwala, chairman of the Cement Stockists & Dealers Association of Bombay, says that the increase in prices is sustainable at least in the peak period. Price correction will happen only during the monsoon period. Meanwhile, K Ravi, MD of NCL Industries, says the Telangana government is doing quite a bit for housing, infra, etc., which will boost prices, though at the moment prices haven’t inched up much. In fact, prices have fallen by about Rs 20 per bag in Telangana. Ravi is expecting more than 10 per cent revenue growth on a year-on-year (Y-o-Y) basis.

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